The aim of this study is to investigate the relationship between the comparability of financial statements and the ex-ante cost of capital and the effect of information complexity (i.e. intangible assets) on the comparability- cost of equity capital relationship. Using data from Taiwan listed firms between 2003 and 2011 and the measure of comparability developed by DeFranco et al. (2011), this paper documents a significantly negative relationship between the comparability of company financial statements and the ex-ante cost of equity capital even after controlling for previously documented determinants of the cost of capital. Otherwise, this paper also documents that this negative association is greater for firms with more recognized intangible assets or higher research and development intensity.